Notes to the consolidated annual financial statements | Note 16

16. Share capital
 
Rm     2018     2017    
Authorised              
   4 000 000 000 ordinary shares with no par value            
Issued             
Fully paid share capital             
   1 721 413 781 (2017: 1 487 954 000) ordinary shares with no par value   (42 618)   *  
Treasury shares             
   21 309 092 (2017: 20 864 428) ordinary shares with no par value   1 792    1 670  
     44 410   1 670  

Shares     2018     2017    
Movements in the number of ordinary shares outstanding:             
1 April     1 467 089 572    1 466 647 906   
   Statutory shares in issue     1 487 954 000    1 487 954 000   
   Treasury shares    (20 864 428)   (21 306 094)  
Shares issued on acquisition of associate (Note 12)   233 459 781    –   
Repurchase of shares 1    (2 108 969)   (1 386 131)  
Forfeited shares sold    496 847    615 914   
Vesting of shares     1 167 458    1 211 883   
31 March      1 700 104 689    1 467 089 572   
   Statutory shares in issue      1 721 413 781    1 487 954 000   
   Treasury shares    (21 309 092)   (20 864 428)  
Treasury shares held by:             
Vodacom Group Limited    5 887 861    5 443 197   
Subsidiaries     15 421 231    15 421 231   
     21 309 092    20 864 428   

The unissued share capital is under the control of the current shareholders and the directors do not have the authority to issue any unissued shares.

Notes:
* Fully paid share capital of R100.
1. Forfeitable and restricted shares held by employees are treated as treasury shares for accounting in terms of IAS 32: Financial Instruments: Presentation, since shares awarded under the forfeitable share plan have not fully vested for the purposes of IFRS 2: Share-based Payment until the potential forfeiture period has expired (Note 17).

Notes to the consolidated annual financial statements | Note 16